Shell’s (SHEL) Sector perform Rating Reiterated at Royal Bank Of Canada

Shell (LON:SHEL)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 4,000 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 22.87% from the stock’s previous close.

Several other research firms have also recently weighed in on SHEL. Jefferies Financial Group restated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a report on Thursday, May 21st. Rothschild & Co Redburn lowered shares of Shell to a “neutral” rating in a report on Thursday, April 9th. Barclays reiterated a “buy” rating on shares of Shell in a report on Thursday, May 7th. UBS Group reiterated a “neutral” rating on shares of Shell in a research report on Tuesday, June 16th. Finally, HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,032.33.

Shell Price Performance

Shares of SHEL opened at GBX 3,255.50 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 43.58. The stock has a market cap of £180.43 billion, a PE ratio of 10.14, a PEG ratio of 2.50 and a beta of 0.43. Shell has a 12-month low of GBX 2,553.77 and a 12-month high of GBX 3,758.50. The business has a 50-day simple moving average of GBX 3,119.15 and a two-hundred day simple moving average of GBX 3,113.51.

About Shell

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.